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3911 E Broad St - Take 5 Car Wash

4,380 SF Speciality Building Offered at £2,614,721 at a 6.50% Net Initial Yield in Whitehall, OH 43213

Investment Highlights

  • 20-Year Triple-Net (NNN) Lease with +/- 14.75 Years Remaining | Zero Landlord Responsibilities
  • Low Rent & Low Price Point | Priced Below Replacement Cost
  • Well Situated Asset | Site Located 5.5 Miles East Of Downtown Columbus & In Direct Proximity Of John Glenn Columbus International Airport

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Take 5 Car Wash located at 3911 E Broad Street in Whitehall, Ohio. The site consists of roughly 3,500 rentable square feet of building space on estimated 0.92-acre parcel of land. This Take 5 Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 19th, 2019. The rent is scheduled to increase by 1.75% annually throughout the base term and in each of the 4, 5-year renewal options.

Property Facts

Price £2,614,721
Price Per SF £597
Sale Type Investment
Net Initial Yield 6.50%
Property Type Speciality
Property Subtype Car Wash
Building Class B
Lot Size 0.92 AC
Building Size 4,380 SF
Number of Floors 1
Year Built 2016
Parking Ratio 6.85/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
090-008404
Land Assessment
£95,145
Improvements Assessment
£821,768
Total Assessment
£916,913
  • Listing ID: 33392074

  • Date on Market: 03/10/2024

  • Last Updated:

  • Address: 3911 E Broad St, Whitehall, OH 43213

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